Claim For Homestead Property Tax Standard Supplemental Deduction (Form HC10) {5473}

State Form 5473 - CLAIM FOR HOMESTEAD PROPERTY TAX STANDARD / SUPPLEMENTAL DEDUCTION. This form is issued by the Indiana Department of Local Government Finance to allow eligible homeowners to apply for the Homestead Standard Deduction and the Supplemental Deduction under Indiana Code 6-1.1-12-37 and 6-1.1-12-37.5. This form is used by individuals who occupy or are purchasing their property as their principal place of residence. Applicants must provide ownership details, parcel information, income-producing use (if applicable), and any other property ownership. The deduction lowers the assessed value of a homestead by the lesser of 60% or $48,000, while the supplemental deduction further reduces the remaining assessed value by 35% (or 25% for higher-value homes) beginning with property taxes payable after December 31, 2025. www.FormsWorkflow.com